International Economic Organizations The World Trade Organization
The World Trade Organization, also known as the WTO is the only organization that deals with trade rules between nations worldwide. The WTO offers a membership to countries and at the moment 164 countries have joined which is 84% of the 196. The countries join to get easier trading flow and to be able to discuss and negotiate their problems with some trade instead of turning to war. There are three major benefits, the first is that no countries gets more than the other if they are members. The second benefit of joining is that the trade barriers are lowered, which helps members bigger markets for their goods, which causes a chain affect, greater sales, more jobs, and faster economic growth. Another benefit is that two thirds of the members in the WTO are developing countries who will buy more and try to sell more new stuff. An additional bonuses to join is, lower tariff rates (tax paid for imports and exports).
The WTO is ran by rich and powerful people that are more focused on trade then the other issues, and from being so distracted they don’t notice the damage to the world's environment. The organization had also made a promise to help developing countries to get better and stronger, but over the years the developing countries have been sidelined and unfocused by the company. According to Global Development finding development in the Doha Development is like finding a needle in a haystack.
The pro and cons of the WTO are The two looks at the alternate that the countries benefit from easier perspectives are the ones who trade and easier ways to confront agree and the ones who don`t. problems and issues with other countries. Each side has valuable Addition to is the con of having developing statements about the WTO countries set aside and being forgotten being good or not. so easily, as well as the harm being brought to environment and us from lack of focus.
In the image above it shows the percentage of world exports shared from multiple countries over 17years. It most countries 1990 was the highest while 1980 and 1997 were pretty close.
In the cartoon shown it represents that the countries are all playing tennis, passing the products over to the other side while some are arguing to the ref who happens to be the WTO.
WTO I
International Economic Organizations
The World Trade Organization
The World Trade Organization, also known as the WTO is the only organization that deals with trade rules between nations worldwide. The WTO offers a membership to countries and at the moment 164 countries have joined which is 84% of the 196. The countries join to get easier trading flow and to be able to discuss and negotiate their problems with some trade instead of turning to war. There are three major benefits, the first is that no countries gets more than the other if they are members. The second benefit of joining is that the trade barriers are lowered, which helps members bigger markets for their goods, which causes a chain affect, greater sales, more jobs, and faster economic growth. Another benefit is that two thirds of the members in the WTO are developing countries who will buy more and try to sell more new stuff. An additional bonuses to join is, lower tariff rates (tax paid for imports and exports).
The WTO is ran by rich and powerful people that are more focused on trade then the other issues, and from being so distracted they don’t notice the damage to the world's environment. The organization had also made a promise to help developing countries to get better and stronger, but over the years the developing countries have been sidelined and unfocused by the company. According to Global Development finding development in the Doha Development is like finding a needle in a haystack.
The pro and cons of the WTO are The two looks at the alternate
that the countries benefit from easier perspectives are the ones who
trade and easier ways to confront agree and the ones who don`t.
problems and issues with other countries. Each side has valuable
Addition to is the con of having developing statements about the WTO
countries set aside and being forgotten being good or not.
so easily, as well as the harm being
brought to environment and us from lack
of focus.
In the image above it shows the percentage of world exports shared from multiple countries over 17years. It most countries 1990 was the highest while 1980 and 1997 were pretty close.
By, Jackson Sapunjis
Bibliography:
https://www.wto.org/english/res_e/booksp_e/casestudies_e/case1_e.htm
https://www.wto.org/english/tratop_e/dda_e/dda_e.htm
https://www.wto.org/english/thewto_e/whatis_e/tif_e/fact3_e.htm